Alamo, Nevada Property Taxes
The median property tax rate in Alamo, NV is 1.14%, higher than both the national median of 0.99% and the Nevada state median of 0.80%. With the median home value in Alamo at $71,477, the typical annual property tax bill reaches $835, which is below the national median of $2,690. Property taxes in Alamo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alamo's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Alamo or another part of Lincoln County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alamo, Nevada Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$815
$756
Ownwell’s Alamo Property Tax Bill Calculator assists homeowners, real estate investors, or potential buyers in estimating their annual property taxes in Alamo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alamo to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Alamo, Nevada
Property taxes in Alamo, Nevada, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alamo is 1.14%, significantly higher than the U.S. national median of 0.99%. Local government entities within Alamo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alamo estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Alamo's effective property tax rate to other counties in Nevada and the national median. For comparison, the zip code 89001 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Alamo provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alamo Tax Rate
1.14%
Average Lincoln County Tax Rate
1.13%
Average Nevada Tax Rate
0.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alamo, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89001 | 0.95% | 1.05% | 1.14% | 1.28% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Alamo, Nevada
In Alamo, Nevada, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Lincoln County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Alamo, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Alamo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 89001 has the highest and lowest median tax bill at $835, reflecting the range of property tax impacts within the area.
Average Alamo Assessed Value
$71,477
Average Lincoln County Assessed Value
$68,008
Average Nevada Assessed Value
$225,374
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alamo, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89001 | $17,187 | $35,499 | $71,477 | $153,917 | $302,394 |
Source: Ownwell
Property Tax Bills Across Alamo, Nevada
In Alamo, NV, property tax bills are calculated based on the assessed value of the property, which is determined by the Lincoln County Assessor's Office. The assessed value is a percentage of the market value of the home. For instance, with a median home price of $71,477 in Alamo, the property tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and any exemptions for which the homeowner qualifies can influence the assessed value. Homeowners in Alamo can expect their tax bills to vary significantly. The 25th percentile tax bill is around $398, while the 75th percentile reaches up to $1,640, and the 90th percentile can be as high as $3,192. These figures illustrate the range of tax burdens depending on the specific property and its assessed value. Compared to the national median property tax rate of 0.99%, Alamo's property tax rates can offer a relatively lower tax burden, making it an appealing location for homeowners.
Average Alamo Tax Bill
$835
Average Lincoln County Tax Bill
$767
Average Nevada Tax Bill
$1,782
Average United States Tax Bill
$2,690
Property Tax Bills Across Alamo, Nevada
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 89001 | $192 | $398 | $835 | $1,640 | $3,192 |
Source: Ownwell